Seen any interesting MLS listings lately? (Raleigh, Durham: for sale, selling a house, buyer)
Raleigh, Durham, Chapel Hill, CaryThe Triangle Area
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Anybody come across any unusual properties for sale in the area lately? By unusual I mean in price, size, or architecture style?
I have come across two interesting ones in the past week:
1) A 1917 Bungalow in Mordecai near downtown Raleigh listed at just $175K sold "as is". I drove by it yesterday on the way home from work out of curiosity. It looks like it was probably a lovely home in its time, and I'm no expert, but it looked like it would take another $150K to make it livable.
2) While I don't really consider it part of the Triangle area, I ran across a listing for a Farm House built in 1880 in Siler City. The purchase price includes a 16-acre fruit orchard consisting of apple, plum and pear trees. List price is $150K. The funny thing about the listing for the 127 year old house is that it simply states "Needs Repair".
Anybody come across any unusual properties for sale in the area lately? By unusual I mean in price, size, or architecture style?
I have come across two interesting ones in the past week:
1) A 1917 Bungalow in Mordecai near downtown Raleigh listed at just $175K sold "as is". I drove by it yesterday on the way home from work out of curiosity. It looks like it was probably a lovely home in its time, and I'm no expert, but it looked like it would take another $150K to make it livable.
2) While I don't really consider it part of the Triangle area, I ran across a listing for a Farm House built in 1880 in Siler City. The purchase price includes a 16-acre fruit orchard consisting of apple, plum and pear trees. List price is $150K. The funny thing about the listing for the 127 year old house is that it simply states "Needs Repair".
1. I've been there. You have it figured out. $175,000 in Mordecai, it was like a 5 family yard sale the first day.
2. I think I emailed that one to a feller, who then decided to select another alternative...
Anybody come across any unusual properties for sale in the area lately? By unusual I mean in price, size, or architecture style?
I have come across two interesting ones in the past week:
1) A 1917 Bungalow in Mordecai near downtown Raleigh listed at just $175K sold "as is". I drove by it yesterday on the way home from work out of curiosity. It looks like it was probably a lovely home in its time, and I'm no expert, but it looked like it would take another $150K to make it livable.
2) While I don't really consider it part of the Triangle area, I ran across a listing for a Farm House built in 1880 in Siler City. The purchase price includes a 16-acre fruit orchard consisting of apple, plum and pear trees. List price is $150K. The funny thing about the listing for the 127 year old house is that it simply states "Needs Repair".
Needs repair is probably and understatement. I wonder how the fruit trees are or if they "need repair" too. And just where is Siler City?
I live in a house built in 1924 and let me tell you, anything this old needs repair. I won't even start a list.
Do you think they are trying to entice a new, naive buyer from outside the area? Would the acreage be worth the price on it's own? I mean is it close enough to the Triangle that the eventual urban growth could head in that direction?
Do you think they are trying to entice a new, naive buyer from outside the area? Would the acreage be worth the price on it's own? I mean is it close enough to the Triangle that the eventual urban growth could head in that direction?
Oh, I don't think so, no. The listing has lots of useful info and points out that the farm house is listed with the historical society. Not sure what the implications are with that, but it all seemed above board to me. I just thought it was funny that they felt the need to point out that a house over a century old would "Need Repair".
I think the Siler City farm listing is interesting. If I was looking for a small farm, I'd be very interested. For that price, you could sink $100,000 into the farmhouse and still have an incredible bargain!
Where I live, 16 acres and a house, even in bad shape, would be much closer to a million $.
That little red house pictured above, looks like a garden shed : )
Anybody come across any unusual properties for sale in the area lately? By unusual I mean in price, size, or architecture style?
I have come across two interesting ones in the past week:
1) A 1917 Bungalow in Mordecai near downtown Raleigh listed at just $175K sold "as is". I drove by it yesterday on the way home from work out of curiosity. It looks like it was probably a lovely home in its time, and I'm no expert, but it looked like it would take another $150K to make it livable.
2) While I don't really consider it part of the Triangle area, I ran across a listing for a Farm House built in 1880 in Siler City. The purchase price includes a 16-acre fruit orchard consisting of apple, plum and pear trees. List price is $150K. The funny thing about the listing for the 127 year old house is that it simply states "Needs Repair".
Just wondering, how does a house qualify to be sold "as is"? What is the difference between selling a house that needs updates vs. "as is?" Jeannie
Just wondering, how does a house qualify to be sold "as is"? What is the difference between selling a house that needs updates vs. "as is?" Jeannie
My impression on as-is means that the seller isn't going to do any repairs as part of the deal, so don't bother asking. They're probably not going to go for an inspection contingency, or a carpet/paint allowance, or nitpicking because the roof or heat/AC is old.
Truly Unique--Teer House in Forest Hills in Durham
Here's a really interesting home being sold FSBO that's having an open house tomorrow afternoon. It is a 1950's custom built home of 7,000 sq. ft. with an in-ground pool on more than an acre in Forest Hills in Durham. Asking price: $799,500.
Click here for more information about the house. (http://www.theopenlook.com/full_listing.php?lid=172 - broken link)
By the way, the seller's grandfather is the Teer after which the Duke Engineering building is named.
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Needs repair? I bet it does!
And just where is Siler City?
Another Neat Lisiting!
Truly Unique--Teer House in Forest Hills in Durham
